Home builders add to yesterday's rally sparked by optimistic talk from Hovnanian (HOV +10.2%)...

|About: Hovnanian Enterprises, Inc. (HOV)|By:, SA News Editor

Home builders add to yesterday's rally sparked by optimistic talk from Hovnanian (HOV +10.2%) that spring selling is off to a strong start, with 38% Y/Y growth in net contracts and home prices remaining relatively stable. Builders KBH +5.7%, LEN +4.8%, PHM +4.8%. Retailers HD +1%, LOW +1.5%. But James Brumley cautions: Is the industry getting better, or just not getting any worse?